Billionaire News

If a billionaire is in the news for any reason, you will read about it right here in our "Billionaire News" section. Whether that billionaire is going through an expensive divorce, buying a $100 million private island, or making a massive donation to charity, we got you covered.

Phil Ruffin, a long-time Las Vegas casino owner, is expanding to Miami. It was announced this week that he purchased Casino Miami, which is located on the northwest corner of Miami International Airport. He told the Miami Herald that he plans to bring Las Vegas to Florida.

Billionaire Richard Liu was arrested on the night of August 31stand held for about 17 hours before being released with no charges filed against him. He returned to China almost immediately. Now, the gory details of the alleged events of that night have surfaced.

Georg Schaeffler and his mother, Maria-Elisabeth Schaeffler-Thumann, have been one of Germany's richest families for years. However, over the course of 2018, their net worth has declined by about $16 billion – which is more than half of their combined wealth.

In 1996, Autry Stephens struck out on his own to pursue riches in the oil industry via his Big Dog Drilling Co. He had just one rig. Now, 22 years later, he owns the largest closely-held oil producer by production volume in Texas, with a valuation of $15 billion.

Koo Kwang-mo took the helm of his family's business after his father died in May. Koo inherited his father's 8.8% stake in LG, giving him 15% of the company. His holding is valued at $1.55 billion. He lives in South Korea, and the inheritance or "death" tax is one of the highest in the world.

Russian billionaire Roman Abramovich has some big plans for his new Manhattan home. He is planning to combine three historic townhouses on East 75th Street into one 31,500 square foot home, which would be the largest single family home in Manhattan.

he wealthiest American billionaires in the United States have net worths that are hard for normal people to comprehend. We've ranked 28 of the wealthiest on a scale of 1 to 5, according to how generous they are.

Cryptocurrency, as a whole, is not having the best year, but Coinbase's Brian Armstrong is having a great one. He has become the second person to achieve a billion-dollar net worth in the cryptocurrency industry.

Lynda Resnick positions herself as a woman who pulled herself up by her pantyhose. It appears the billionaire is skilled at talking the talk but not walking the walk. Five former employees are suing the company for pregnancy discrimination and wrongful termination.